Richfold is a married man of 46 years of age. He is a repeat client from Kiruhura district. He began borrowing as a group client and later graduated to individual. Richfold majorly deals in animal sales particularly the goat trade. From that business, he has managed to construct a house up to the roofing level and he now wants money to buy doors and windows for it. Richfold has been renting but now will be able to stay in his own house with his family. He credits all this to Ugafode's Flexible Housing Loan product that has helped him get decent housing.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.